$ATVI, $AMZN, $APC, $AZN, $KMX, $CELG, $CVX, $XOM, $LYFT, $MGY, $MSTN, $RYKU
Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of The Street’s Key analysts outlook for Key issues for Tuesday as follows:
Activision Blizzard Inc. (NASDAQ:ATVI) was reiterated as Outperform at Wedbush Securities, but the firm added the video game publisher to its Best Ideas List on word that it looks to be positioned to deliver significant outperformance over the next 2 years, even as muted performance of some top games could still allow it to beat earnings expectations in 2019. The firm sees Activision Blizzard being worth 60 at a 20X earnings in Y 2020 figure plus its net cash.
Amazon.com Inc. (NASDAQ:AMZN) was reiterated as Outperform and the price target was raised to 2,085 from 1,975 at Oppenheimer. Amazon has a consensus target price of $2,080.05.
Anadarko Petroleum Corp. (NYSE:APC) was raised to Buy from Neutral and but the price target was lowered to 65 from 74 at Citigroup.
AstraZeneca PLC (NYSE:AZN) was raised to Outperform from Market Perform at Cowen.
CarMax Inc. (NYSE:KMX) rating was raised to Overweight from Equal Weight at Stephens. It has a consensus target price of 79.15 and a 52-wk trading range of 55.24 – 81.67.
Celgene Corp. (NASDAQ:CELG) was downgraded to Neutral from Buy at UBS and to Neutral from Overweight at Atlantic Equities.
Chevron (NYSE:CVX) was started with an Overweight rating Morgan Stanley. Chevron’s consensus target price is 137.54.
Exxon Mobil (NYSE:XOM) was started as Equal Weight at Morgan Stanley. Exxon has a 52-wk trading range of 64.65 – 87.36 and a consensus price target of $83.99.
Lyft Inc. (NASDAQ:LYFT) was started with a Neutral rating at Guggenheim, with the firm noting that its outlook may be too difficult to digest after having to look too far out with too many assumptions.
Magnolia Oil & Gas Corp. (NYSE:MGY) was started as Outperform and assigned a 15 target price at Credit Suisse.
Monster Beverage Corp. (NASDAQ:MNST) was downgraded to Neutral from Outperform at Macquarie.
Roku Inc. (NASDAQ:ROKU) was reiterated as Overweight and the target price was raised to 76 from 63 at KeyBanc Capital Markets.